Call Southeastern Appraisal Group to discuss appraisals on Irwin foreclosures

Southeastern Appraisal Group is experienced when it comes to foreclosures in Irwin County

Houses that have gone back to the financial institution's ownership and properties in foreclosure bring forth various appraisal difficulties.

When dealing with a property in foreclosure, you should know market value versus a "quick disposition" price to evaluate your probable charge-off liability. Southeastern Appraisal Group has the training in both producing snapshots of market value for our mortgage servicing clients, in addition to "quick sale" forecasts that respect your pressing needs.

Southeastern Appraisal Group has the experience to work with the unique dynamics of a foreclosure appraisal. For a company you can rely on, contact Southeastern Appraisal Group.

Owners of property in foreclosureunfortunately can present unique challenges. For example, they could be opposed to allowing an inspection of the property. If they have abandoned the home already, they could have overlooked the care of the home for some time - or unfortunately, ransacked the house.

For a property that has changed to Real Estate Owned, you typically will want to get rid of it quickly. However, you might want to know about and examine the concepts of "as-is", "as repaired", and "quick sale" values. These represent:

  • The value of the house without any work done to it
  • Possible value with the work needed to make the house marketable at full market value - appropriate with similar properties in the neighborhood
  • Somewhere in the middle, with minimal investment in repairs - to sell the home quickly, probably as a "fixer-upper"
Again, we understand your timeline and the unique circumstances of an REO property, as well as the special information you'll need - competing listings, neighborhood trends, and the like. You can bank on Southeastern Appraisal Group to handle the appraisal of your bank owned property professionally and efficiently. Contact us today.